Writing in the Wall Street Journal in 2009, economist Jeremy Siegel argued that, in the years leading up to the financial crisis of 2008-2009,

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In his article, Siegel argues that financial firms acted in too risky a fashion by taking on too much debt and investing in risky assets. He also suggests that the Federal Reserve's efforts to regulate these firms were not strong enough. Finally, he notes that falling house prices played a major role in causing the financial crisis, as many mortgage-backed securities and other investments were based on the assumption that housing prices would continue to rise. Therefore, all three options (A, B, and C) are correct.

Writing in the Wall Street Journal in 2009, Economist Jeremy